Please follow the guide below for specific detail on settlement schedules for Card Not Present and Card Present transactions in CE Payments.
Use Case:
If a Member makes an online payment through PayCloud on Monday, the settlement will reflect in the form of a GJ Batch on Wednesday of that week.
Card Not Present Transactions (Funds typically settle in two business days)
If Payments are Made On: (Before 7:00pm ET) | Then Settlement Occurs On: |
---|---|
Monday | Wednesday |
Tuesday | Thursday |
Wednesday | Friday |
Thursday | Monday |
Friday | Tuesday |
Sat-Sun | Tuesday |
Card Present Transactions (Funds typically settle in three business days)
If Payments are Made On: (Before 7:00pm ET) | Then Settlement Occurs On: |
---|---|
Monday | Thursday |
Tuesday | Friday |
Wednesday | Monday |
Thursday | Tuesday |
Friday | Wednesday |
Sat-Sun | Wednesday |
Holiday Behavior
Please note that a Banking Holiday will delay transactions. Payment processing and settlement funding will be delayed an additional day in the case of a bank holiday.